Regulatory framework: types of FSA return

a global return which reports on the entire worldwide business of the insurer

a UK branch return which reports only the business carried on through a UK branch

an EEA branches return which reports the entire business carried on in all establishments in EEA States (including the UK).

Particular rules apply to returns from a Swiss general reinsurer, a ‘pure reinsurer’ or a UK or EEA deposit insurer. A pure reinsurer is restricted to carrying out contracts of reinsurance. UK and EEA ‘deposit insurers’ are non-UK insurers which are required to make a deposit in the UK or EEA in accordance with the First Non-Life Directive. A Swiss general insurer reports as for an insurer with its head office in the EEA.

The following table summarises the type of return insurers are required to prepare under Rule 9.2 of the Accounts and Statements Rules in IPRU(INS).

Type of company

##### Location of Head Office

UK

Other EEA state

Rest of world

Type of Return

Pure reinsurer

Global return

Global return

Global return

UK deposit insurer

Global return and EEA branches return

EEA deposit insurer

UK branch return

All other insurers

Global return

Exempt

Global return and UK branch return

Each form must show whether it is part of a global return, UK branch return, or EEA branches return.

Further details about returns made by insurers who are not UK incorporated companies are set out at GIM10100.